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The conservative deal

The conservative deal | 31 May 2023

31 May 2023, EUR/USD

EURUSD trading plan:

Yields on Treasury bills that are due in early June dropped on optimism that Congress will pass a deal to raise the country's debt ceiling and avoid a potential default. A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling now faces a series of votes in Congress, with both Democratic President Joe Biden and the top Republican in Congress, House Speaker Kevin McCarthy, predicting they will get enough votes to pass it into law before. McCarthy called the bill the "most conservative deal we've ever had." This is a positive signal for financial markets.

Investment idea: buy 1.0680 and take profit 1.0780.

David Johnson
Analyst of «FreshForex» company
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